Update on Hyperion's Land Options
ELK POINT, S.D. – Hyperion is exploring innovative ways to benefit both the company and landowners as they wait for resolution of lawsuits and appeals filed by the Sierra Club. The Company has options to buy land for the facility, and in a recent letter to the landowners, Hyperion Refining Vice President Preston Phillips proposed an approach that would allow for the timing of the options to be linked to the conclusion of legal challenges to Hyperion’s permits.
“The landowners have been among our strongest partners in this project, and we’re exploring ways that together, we can find the best way to handle our land options going forward and to collectively work through the seemingly endless array of hurdles raised by the Sierra Club,” Phillips said.
“One of the Sierra Club’s tactics is to conjure up perpetual delays, but we will persist - we’re determined to build the world’s most environmentally sound refinery and provide permanent, good-paying jobs for 1800 hardworking Siouxland residents.
Hyperion currently has the ability to extend the options with Union County landowners on more than 5,000 acres through Aug. 31, 2013. Due to the Company’s respect of landowner confidentiality, Hyperion is not releasing the letter.
“We have put forth a facility that sets a precedence of excellence,” said Company President Albert Huddleston. “The Hyperion Energy Center raises the bar for environmental protection, safety and transparency. The Sierra Club is the only environmental organization opposing that effort. Sadly, they’re more interested in raising money than reducing our dependence on Middle Eastern oil .
“Canada’s oil sands provide a mutually beneficial opportunity for our country and theirs,” Huddleston said. “The Canadians are our friends, but if the U.S. doesn’t buy their crude oil, China and other countries will. America has put a man on the moon and the Curiosity rover on Mars, and we can certainly team with our northern neighbors to utilize technology in a way that will produce clean fuels in the most environmentally sound refinery in the country.”
Huddleston noted that Hyperion has been working on the HEC for eight years, and is determined not to let the Sierra Club’s delay tactics prevail.
The South Dakota Supreme Court has scheduled arguments on an appeal of Hyperion’s air permit for Oct. 3. Huddleston reiterated that when the Court issues its decision, the Company will review its options, including the possibility of applying for another extension of the permit as the Sierra Club’s actions have consumed most of the permit time.
The Hyperion Energy Center is permitted for two, 200,000 barrel per day refinery trains (400,000 barrels total). The center will incorporate green principles in its every day functions and integrate only the most advanced commercially feasible emission control technologies in its operations. Hyperion embraces transparency of its operations, as spelled out in the company’s Green Charter.